, providing tools to measure retirement incentives as a function of relevant state variables and health cover arrangements. A …

In this paper we generalize the following result of Yaari (1965) on annuitization with an agent's optimal retirement …

Dynamic retirement glidepaths evolve over time based on some measure such as the retiree's funded status or current … static retirement glidepath would be the one that performs better than all others with respect to some metric. When … systematic withdrawals are made from a retirement portfolio, glidepaths are often assessed via the probability of ruin (or …

goods, together with the choice of time for retirement. The utility for luxury goods is not necessarily a concave function … consume almost all in luxury goods when the wealth is large. The optimal retirement policy is shown to be both universal, in …

-temporal labour supply, (iii) the optimal share of wealth to invest in a risky asset, and (iv) the optimal retirement age. The wage of … after retirement he received a utility that is proportional to the remaining human capital. Finally, a numerical simulation …

The optimal retirement decision is essentially an optimal stopping problem when retirement is irreversible. We … investigate the optimal consumption, investment and retirement problem when the growth rate is unobservable and is estimated by …-form solution is derived for the optimal retirement by a small-scale perturbation. We discuss the potential use of the result for …